Redwood Trust Reset Rate Cumulative Redeemable Preferred Stock Ex-Dividend Reminder

On 12/31/24, Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock (Symbol: RWT.PRA) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 1/15/25. As a percentage of RWT.PRA's recent share price of $26.28, this dividend works out to approximately 2.38%, so look for shares of RWT.PRA to trade 2.38% lower — all else being equal — when RWT.PRA shares open for trading on 12/31/24. On an annualized basis, the current yield is approximately 9.63%, which compares to an average yield of 7.89% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of RWT.PRA shares, versus RWT:

Below is a dividend history chart for RWT.PRA, showing historical dividends prior to the most recent $0.625 on Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock:

In Friday trading, Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock (Symbol: RWT.PRA) is currently up about 1.2% on the day, while the common shares (Symbol: RWT) are off about 1.8%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.